Duke Energy Renewables, Integrys Energy Services and Smart Energy Capital have completed two ground-mounted photovoltaic systems for the Central Regional School District in Bayville, N.J.
The PV solar arrays at Central Regional Middle School and Central Regional High School can collectively produce approximately 1.5 MW of electricity. According to school administrator Kevin O'Shea, this is sufficient to meet 80% to 90% of the district's total electrical needs.
The school district is purchasing all of the output from its respective PV systems at a fixed rate under the terms of a 20-year power purchase agreement with a project company owned by INDU Solar Holdings. INDU is a 50-50 joint venture between Duke Energy Renewables and Integrys Energy Services.
Smart Energy Capital, together with its strategic partner, the Dobco Group developed the PV projects for the school district, which included arranging the sale of solar renewable energy certificates. INDU financed all of the construction costs for the projects.
